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VAT review for April 2019

Speed read
Last month saw decisions from both the UK Supreme Court and the CJEU on the scope of the exemption for education. These decisions indicate that the concept of ‘education’ may be limited but that the exemption should not be narrowly applied depending on who provides such education. There have also been cases on the attribution of marketing spend by partially exempt businesses and whether the Ramsay approach of considering a composite transaction as a whole has any relevance to VAT. Finally, HMRC has provided new guidance on VAT grouping involving overseas elements and on the correct VAT treatment of leasing contracts containing an option to purchase the relevant asset on payment of a substantial final instalment.
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